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MarketMotion

ES / SPY - Parabolic Setup on 4HR Charts

S&P 500 E-mini Futures (CME_MINI:ES1!)  
MarketMotion Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns es_f SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern es_f spy
Well ES showing that parabolic setup again signaling 4830. Today I want to see a pullback and base around this 4680 level to play out to allow this RSI to cool off. Currently sitting at a whopping 95 on the "5 length" not 14. If ES can base at this 4680 allowing the 4HR RSI to cool, I think we get this final move in the parabolic pattern into 4830.
Trade closed: target reached
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